Kuwait: Cellulose Fibrecement Sheet Market 2022

Cellulose Fibrecement Sheet Market Size in Kuwait

The Kuwaiti cellulose fibrecement sheet market contracted markedly to $X in 2021, with a decrease of -X% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Cellulose Fibrecement Sheet Production in Kuwait

In value terms, cellulose fibrecement sheet production contracted notably to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Cellulose Fibrecement Sheet Exports

Exports from Kuwait

In 2021, shipments abroad of sheets, panels and tiles of cellulose fibrecement decreased by -X% to less than X kg, falling for the third consecutive year after four years of decline. Overall, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, cellulose fibrecement sheet exports reduced rapidly to less than $X in 2021. Over the period under review, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X kg) was the main destination for cellulose fibrecement sheet exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Turkey was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2020, the rate of growth in terms of prices for Turkey amounted to X% per year.

Cellulose Fibrecement Sheet Imports

Imports into Kuwait

In 2021, the amount of sheets, panels and tiles of cellulose fibrecement imported into Kuwait declined remarkably to X tons, with a decrease of -X% compared with the year before. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cellulose fibrecement sheet imports contracted rapidly to $X in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest cellulose fibrecement sheet supplier to Kuwait, with a X% share of total imports. Moreover, cellulose fibrecement sheet imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Thailand (+X% per year).

In value terms, Saudi Arabia ($X), Germany ($X) and Malaysia ($X) appeared to be the largest cellulose fibrecement sheet suppliers to Kuwait, together comprising X% of total imports.

Among the main suppliers, Germany, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cellulose fibrecement sheet import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform